Japan Jan. Core Machinery Orders Down 3.5 Pct
Tokyo, March 19 (Jiji Press)--Japan's seasonally adjusted core machinery orders in January fell 3.5 pct from the previous month for the second straight month of decline, the Cabinet Office said Wednesday.
The core orders, a leading private-sector capital investment indicator that excludes orders for ships and machines used by power utilities, totaled 857.9 billion yen.
The government agency kept its basic assessment on machinery orders unchanged, saying they are showing signs of picking up.
Orders from manufacturers shrank 1.3 pct to 413 billion yen, down for two months in a row. Nine of the 17 manufacturing sectors surveyed logged dips in orders.
Orders from nonmanufacturers dropped 7.4 pct to 437.3 billion yen, falling for the first time in three months.
(2025/03/19-10:47)
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